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Wednesday, April 8th, 2015

 

Scathing Assessment: “The UK Economy Is A Ticking Time Bomb”

    Despite being an otherwise staid, traditional news service, the professional banking division of the Financial Times recently released an utterly scathing assessment of the British economy. It was entitled, “The UK economy is a ticking time bomb,” and the editor didn’t pull any punches in completely shattering the conventional fantasy that ‘all is well’, and that advanced economies can simply print and indebt their way to prosperity. I’llRead More


This Could Sink Banks in Greece, Portugal, Spain, and Italy

    Not that much has changed in Spain since the climax of the debt crisis during which its collapsing banks were bailed out. Some of them were recombined into a bank with a new name – Bankia – and sold to the public via an IPO that immediately sank into red ink and scandal. Spanish government debt sported yields that reflected the risks of owning it. At this timeRead More


NATO member Turkey to buy $3.4 billion worth of incompatible Chinese antimissiles

  The Turkish military is determined to buy long-range anti-missile systems from China, even though they wouldn’t be compatible with NATO weapons. Security concerns have been raised by other members of the alliance. Defense Minister Ismet Yilmaz, in a written statement to the parliament, gave an assurance that the contract would go ahead. “The project will be financed with foreign financing. Work on assessing the bids has been completed andRead More


Thousands of ISIL Fighters Hit by Terrifying Flesh-Eating Disease

As global powers continue to debate the best way to deal with the threat of the self-proclaimed Islamic State, the terrorist group appears to be suffering its own internal problems. Poor hygiene and pollution has led to the spread of a debilitating disease known as the Rose of Jericho. As the Islamic State fights for control of large swaths of Syria of Iraq, the group has turned Raqqa into their self-proclaimed capital. But unsanitary livingRead More


Britain Used Spy Team to Shape Latin American Public Opinion on Falklands

  Faced with mounting international pressure over the Falkland Islands territorial dispute, the British government enlisted its spy service, including a highly secretive unit known for using “dirty tricks,” to covertly launch offensive cyberoperations to prevent Argentina from taking the islands. A shadowy unit of the British spy agency Government Communications Headquarters (GCHQ) had been preparing a bold, covert plan called “Operation QUITO” since at least 2009. Documents provided to TheRead More


Court mulls revealing secret government plan to cut cell phone service

Feds: SOP 303 mobile-phone kill-switch policy would endanger public if disclosed.   A federal appeals court is asking the Obama administration to explain why the government should be allowed to keep secret its plan to shutter mobile phone service during “critical emergencies.” The Department of Homeland Security came up with the plan—known as Standing Operating Procedure 303—after cellular phones were used to detonate explosives targeting a London public transportation system.Read More


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